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Productivity Commission report scathing of big banks

The big banks are implicated in ASIC’s review

تأتي خطة حزب الخضر على خلفية جلسات لجنة التحقيق الملكية التي كشفت تجاوزات و انتهاكات جسيمة ارتكبتها المصارف و المؤسسات المالية التابعة لها Source: AAP

Australia's big banks have been accused of using their power to exploit customers and strangle competition. A damning report from the Productivity Commission has found the sector is dominated by a handful of players which continue to push up costs. At the Four Seasons hotel in Sydney, the Federal Treasurer forecast winds of change for consumers. As he handed down the Productivity Commission's review into financial services, Scott Morrison chastised the major banks for capitalising on customer loyalty to pump up profits. This feature reveals more details.



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